Chapter 9 Loan
Seeing that Mother Liu also had a plan, Su Yujin nodded, "You and Ai Cao can make the arrangements."
The next day, as Mother Liu had said, she called Feng over early and taught her how to wrap and boil wontons.
Feng was responsible for preparing meals for the whole family. Her mother-in-law was paralyzed in bed and had to drink medicinal soup for many years, so her appetite was poor and she needed to cook food in different ways. Therefore, Feng was considered a good cook and could make and boil wontons very quickly.
By noon when there were many people, Su Yujin found that Feng was able to basically master the rhythm of the work to be done when setting up the stall and was not so flustered.
Two days later, Feng was able to do her job very skillfully and could even help greet guests occasionally.
Seeing that Mrs. Feng, Mother Liu and Ai Cao had almost gotten along well, Su Yujin safely handed the wonton stall to the three of them and walked back and forth on the street alone.
Qinghe County is not too big, but it is prosperous because it is adjacent to the capital.
The several streets that run from east to west and from north to south are busy with cars and people coming and going.
Su Yujin was strolling around Qingyun Street at this time, where the wonton stall was located.
There are wine shops, tea houses, various shops and small stalls on both sides, which is very lively.
This could be said to be the first time that Su Yujin had strolled around alone leisurely since she had traveled through time. She walked lightly, was in a good mood, looked around, and feasted her eyes.
I went to the grocery store and bought some common seasonings, and then went to the medicine store and bought some less common seasonings that were still commonly used as medicines...
When Su Yujin finished her stroll, she was holding a few tightly tied oil paper bags in her hands.
When she was about to return to the intersection of Qingyun Street and Shuanggui Lane where the wonton stall was located, Su Yujin stopped, took two steps back, and returned to a shop.
There is a for sale sign on the door of this shop.
Su Yujin remembered that this shop was originally Meng's Cake Shop, which had decent business. It suddenly closed a few days ago, and now it was for sale...
After thinking for a while, Su Yujin went to ask the clerk of the cloth shop next door, "Excuse me, brother, is this bakery closed?"
"Yes, I don't want to do it anymore." The clerk replied, "The only son of Shopkeeper Meng broke his leg. The doctors in the county town couldn't cure him, so they took him to Huichuntang in the capital for treatment. The consultation fee at Huichuntang is very expensive, and Shopkeeper Meng's family has emptied their savings, but it is still not enough, so they plan to sell this shop so that they can go to Huichuntang to have their son's leg treated."
Selling a shop.
Su Yujin looked at the original Meng Ji again.
The width and depth look good.
"Young man, do you know how much it costs for takeout from Manager Meng's shop?" Su Yujin asked again.
"I'm not sure about the details. Shopkeeper Meng is in a hurry to sell it and doesn't have time to find a buyer. I heard that he has handed it over to the pawnbroker. You can go there and ask about the price."
"Thank you very much."
Su Yujin bowed and walked towards the dental clinic.
After some inquiries, I learned that the price of this shop was three hundred and thirty taels of silver.
The shop is not small, with a small yard at the back, in which there is a separate well, three small rooms and a shed.
If it were sold outside on normal days, the market price would be around four hundred taels of silver. However, because Manager Meng was in a hurry to cash out, he initially set the price at three hundred and fifty taels of silver, and later lowered the price once more.
Su Yujin had been to Mengji before and knew the situation of the shop. She was quite tempted, but when she thought about the price...
"Can this shop be cheaper?"
"Three hundred and thirty taels is already cheap enough. It means the Meng family wants to take the silver to the capital as soon as possible. Otherwise, where can they find such a good and cheap shop?"
The clerk saw Su Yujin frowning, as if she was very fond of the shop, but hesitant about the price, so he gritted his teeth and said, "If you really want it, I'll give you another ten taels of silver off the price!"
"If you really want it, I really don't have enough money." Su Yujin thought for a while, "I can only take out 180 taels of silver at most."
The clerk's face immediately turned bitter. "Girl, are you trying to make fun of me? This is too much. This is a shop, we can't lower the price so much."
"I know, and I will pay enough to cover the three hundred and twenty taels of silver."
"Didn't you say you only had 180 taels? The rest..."
The clerk paused, and looked at Su Yujin with a more defensive look, "You are not thinking of buying on credit, are you? We don't have the rule of buying on credit in our dental shop."
"It's not on credit." Su Yujin said, "I want to... take out a loan."
"loan?"
What is that? The guy was a little confused and scratched the back of his head. "What the girl means is..."
"I bought this shop. I paid 180 taels of silver first. The remaining 140 taels will be paid off in 24 months. I will pay 7 taels of silver to the pawnbroker every month until the 24th payment is made."
Su Yujin said, "This method of paying the principal separately and adding interest is called a loan."
In this case, the total amount of money to be paid, including principal and interest, is only 348 taels of silver, which is cheaper than the normal shops, so it can be considered a bargain.
But the guy scratched his head again.
The method is quite fresh and special. Seven taels of silver a month means a total of 168 taels in 24 months.
By this calculation, the pawnshop could earn an extra 28 taels of silver from this matter.
Normally, in a business like buying and selling a house, after working for a long time, you can only make a profit of three to five percent. It's just a matter of transferring money, how can you make so much?
The clerk thought for a moment and bowed to Su Yujin, "Miss, wait a moment. I'll go ask our shopkeeper."
"Thank you." Su Yujin was led by the waiter to a compartment and sat down. She then told the waiter, "I just gave you a rough idea. You can talk to your shopkeeper about the details."
The clerk understood what Su Yujin meant, responded, and hurried to find his boss.
After a while, Mr. Sun, the shopkeeper of the pawnshop, arrived at the compartment.
"I heard from the clerk that the girl wanted to buy a shop, but she didn't have enough money, so she was thinking of taking out a loan?" Shopkeeper Sun asked politely.
"That's right." Su Yujin nodded. "Shopkeeper Sun can pay the Meng family 320 taels of silver, and then take the 180 taels from me, and collect another 7 taels of silver from me every month. In two years, Shopkeeper Sun can earn nearly 30 taels more, and I can start business in the shop earlier. It can be said to be the best of both worlds."
"That sounds good." Shopkeeper Sun nodded, "But what if the young lady can't give you money on time every month?"
"Before you pay off the 24-month loan, Shopkeeper Sun can take the house and land deeds first and return them after I pay off the loan."
It’s a bit late today, and the author has already started to reflect on the speed of typing…
(End of this chapter)
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